Panama Economic Activity

Panama: Economic activity rises in November

January 24, 2013

In November, the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica) expanded 10.4% over the same month the year before, which was above the revised 9.7% increase registered in October (previously reported: +10.2% year-on-year). According to the National Comptroller's Office, the expansion was mainly driven by robust growth in construction, mining and quarrying, transport and storage as well as in communications.

The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from a 5.8% year-on-year expansion in June to a 3.8% increase in July, the slowest expansion this year.